Apple: The most popular product of the world’s leading smartphone manufacturer Apple Inc., the iPhone, is continuously bringing good news for India. Apple chose India to reduce dependence on China. Now on the basis of this iPhone, India’s Smartphone Export is continuously making new records. iPhone has the largest share in smartphone exports. With the help of iPhone, the Indian government is also getting a lot of help in creating a manufacturing environment in the country.
Export of iPhone made in India reached nearly 6 billion dollars
According to a Business Standard report, Apple Inc.’s exports of iPhones made in India have touched nearly $6 billion. This is one third more than last year. By the end of the financial year this figure may cross 10 billion dollars. Encouraged by this, Apple is also rapidly working on increasing its manufacturing capacity in the country. Due to the ongoing tension between America and China, it wants to make more and more products in India. It is also benefiting a lot because of the subsidies, technology and skilled workforce available in India.
Foxconn, Pegatron and Tata Electronics are working for Apple
There are three companies working for Apple in India. These include Taiwan’s Foxconn Technology Group, Pegatron Corp and Tata Electronics. All these three companies assemble iPhones in South India. Foxconn’s unit located near Chennai is Apple’s largest supplier. According to sources, iPhones worth about $1.7 billion have been exported from the Tata Electronics factory located in Karnataka. Last year, Tata Electronics became the first Indian company to manufacture iPhone by purchasing Wistron Corp.
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